Common use of No Obligation to Mitigate; No Rights of Offset Clause in Contracts

No Obligation to Mitigate; No Rights of Offset. (a) The Employee shall not be required to mitigate the amount of any payment or other benefit required to be paid to the Employee pursuant to this Agreement, whether by seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account of any compensation earned or benefits received by the Employee as a result of employment by another person. (b) The Company's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Employee or others.

Appears in 16 contracts

Samples: Change of Control Agreement (Eog Resources Inc), Change of Control Agreement (Eog Resources Inc), Change of Control Agreement (Eog Resources Inc)

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No Obligation to Mitigate; No Rights of Offset. (a) The Employee shall not be required to mitigate the amount of any payment or other benefit required to be paid to the Employee pursuant to this Agreement, whether by seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account of any compensation earned or benefits received by the Employee as a result of employment by another person. (b) The CompanyEmployer's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company Employer may have against the Employee or others.

Appears in 11 contracts

Samples: Employment Agreement (Input Output Inc), Employment Agreement (Veritas DGC Inc), Employment Agreement (Input Output Inc)

No Obligation to Mitigate; No Rights of Offset. (a) The Employee shall not be required to mitigate the amount of any payment or other benefit required to be paid or provided to the Employee pursuant to this Agreement, whether by seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account of any compensation earned or benefits received by the Employee as a result of employment by another person. (b) The Company's ’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Employee or others.

Appears in 10 contracts

Samples: Change in Control Agreement (Patterson Uti Energy Inc), Change in Control Agreement (Patterson Uti Energy Inc), Change in Control Agreement (Patterson Uti Energy Inc)

No Obligation to Mitigate; No Rights of Offset. (a) The Employee shall not be required to mitigate the amount of any payment or other benefit required to be paid to the Employee pursuant to this Agreement, whether by seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account of any compensation earned or benefits received by the Employee as a result of employment by another person. (b) The Company's Employer’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company Employer may have against the Employee or others.

Appears in 8 contracts

Samples: Employment Agreement (Ion Geophysical Corp), Employment Agreement (Ion Geophysical Corp), Employment Agreement (Ion Geophysical Corp)

No Obligation to Mitigate; No Rights of Offset. (a) The Employee shall not be required to mitigate the amount of any payment or other benefit required to be paid to the Employee pursuant to this Agreement, whether by seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account of any compensation earned or benefits received by the Employee as a result of employment by another person. (b) The Company's ’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Employee or others.

Appears in 5 contracts

Samples: Change of Control Agreement (Eog Resources Inc), Change of Control Agreement (Eog Resources Inc), Change of Control Agreement (Eog Resources Inc)

No Obligation to Mitigate; No Rights of Offset. (a) The Notwithstanding anything herein to the contrary, Employee shall not be required to mitigate the amount of any payment or other benefit required to be paid to the Employee pursuant to this Agreement, whether by seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account of any compensation earned or benefits received by the Employee as a result of employment by another person. (b) The CompanyEmployer's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-offsetoff, counterclaim, recoupment, defense or other claim, right or action which the Company Employer may have against the Employee or others.

Appears in 4 contracts

Samples: Employment Agreement (Global Geophysical Services Inc), Employment Agreement (Global Geophysical Services Inc), Employment Agreement (Global Geophysical Services Inc)

No Obligation to Mitigate; No Rights of Offset. (a) The Employee shall not be required to mitigate the amount of any payment or other benefit required to be paid to the Employee pursuant to this Agreement, whether by seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account of any compensation earned or benefits received by the Employee as a result of employment by another person. (b) The Company's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Employee or others.

Appears in 4 contracts

Samples: Change in Control Agreement (Urocor Inc), Change in Control Agreement (Urocor Inc), Change in Control Agreement (Urocor Inc)

No Obligation to Mitigate; No Rights of Offset. (a) The Employee shall not be required to mitigate the amount of any payment or other benefit required to be paid to the Employee pursuant to this Agreement, whether by seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account of any compensation earned or benefits received by the Employee as a result of employment by another person. (b) The Company's ’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Employee or others.

Appears in 3 contracts

Samples: Change in Control Agreement (Genaera Corp), Change in Control Agreement (Genaera Corp), Change in Control Agreement (Genaera Corp)

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No Obligation to Mitigate; No Rights of Offset. (a) The Employee shall not be required to mitigate the amount of any payment or other benefit required to be paid to the Employee pursuant to this Agreement, whether by seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account of any compensation earned or benefits received by the Employee as a result of employment by another person. (b) The CompanySubject to Section 10(e), Employer's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company Employer may have against the Employee or others.

Appears in 1 contract

Samples: Employment Agreement (Input Output Inc)

No Obligation to Mitigate; No Rights of Offset. (a) The Employee shall not be required to mitigate the amount of any payment or other benefit required to be paid to the Employee pursuant to this Agreement, whether by seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account of any compensation earned or benefits received by the Employee as a result of employment by another person. (b) The CompanySubject to Section 10(e) hereof, Employer's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company Employer may have against the Employee or others.

Appears in 1 contract

Samples: Employment Agreement (Input Output Inc)

No Obligation to Mitigate; No Rights of Offset. (a) The Subject to Section 10(e), Employee shall not be required to mitigate the amount of any payment or other benefit required to be paid to the Employee pursuant to this Agreement, whether by seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account of any compensation earned or benefits received by the Employee as a result of employment by another person. (b) The CompanyEmployer's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company Employer may have against the Employee or others.

Appears in 1 contract

Samples: Employment Agreement (Input Output Inc)

No Obligation to Mitigate; No Rights of Offset. (a) The Employee shall not be required to mitigate the amount of any payment or other benefit required to be paid to the Employee pursuant to this Agreement, whether by seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account of any compensation earned or benefits received by the Employee as a result of employment by another person. (b) The CompanyEmployer's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-offsetoff, counterclaim, recoupment, defense or other claim, right or action which the Company Employer may have against the Employee or others.

Appears in 1 contract

Samples: Employment Agreement (Input Output Inc)

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